Introduction to Manufacturing Accounting - Project Costing
What you'll learn
- An introduction to Accounting in a Project Costing Manufacturing Environment and is based on International practices.
- A good understanding of General Accounting and book-keeping as this is an advanced level course
In this course, we will show you how to account for Manufacturing Project costs; for example the manufacturing of a ship or aircraft where there are various components which may be tailored to a specific order, and services contributed through various tradespersons.
Once we have covered the theory, will work on an actual Project which will be the manufacturing of an Emergency Services Command Vehicle.
From there, we will then demonstrate the concepts learned throughout the course on a computerized Accounting Software program.
This course will cover various topics including allocating purchases to specific Projects such as materials and sub-trades, Allocating Overhead from participating divisions such as the welding and the paint shops, and preparing reports in order to stay on top of the Project status and costs to date versus the budget.
If your Accounting program does not have a Project module, we will demonstrate a process on a spreadsheet which will assist in achieving the goal of monitoring the costs, and we even provide a template that you may feel free to modify and use at your workplace.
Although this course is written by a Canadian CPA, the concepts taught are consistent with International practices including those used in Canada, the United States, and Europe.
Who this course is for:
- Accounting Technicians, book-keepers, and owners who are engaged in a Manufacturing organization
I have been a professional accountant for over twenty years, and have worked in public sector, not-for-profit, income tax audit, and private industry including manufacturing.
In addition to being an accountant, I served as a military aircraft mechanic for five years, and worked for three years as an operations manager with vocational trades training in the federal penitentiary system.
Adding to over twenty years of business administration experience, I also served for sixteen years as a volunteer firefighter and search and rescue technician.
Finally, I have experienced business ownership as a property investor and manager, and I am now sharing my experiences as a business author and course writer, bringing an integrated approach to business administration training.